High Point getting $40 million

PJ staff report | April 21, 2011

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Nido Qubein

HIGH POINT, N.C. -- High Point University is getting $10 million each from four local families, doubling the number of families who have made gifts at that level since Nido R. Qubein became the school's president in 2005.

Most of the gifts from the families of Cobein and Earl E. Congdon, Fred E. Wilson Jr. and Mark A. Norcross are dedicated to the university's School of Health Sciences and proposed school of pharmacy.

Congdon is chairman of Old Dominion Freight Line, Wilson is chairman of Piedmont Chemical Industries, Norcross is founder and CEO of furniture-maker Mark David. and Qubein also is chairman of Great Harvest Bread Company.

The university has raised $170 million under Qubein's tenure.

Based on a $2.1 billion growth plan the school announced in September 2010 that expanded an earlier $300 million plan it announced after Qubein became president, the school has invested $550 million in the construction of 28 new buildings, the addition of 120 faculty members, expansion of the campus to 300 acres from 92, the purchase of Oak Hollow Mall, and increase in enrollment to 3,800 traditional students from 1,450, with plans for an additional increase to 5,000.

The school also has announced the proposed pharmacy school and the School of Health Sciences.

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